Ukrainian banks in recent days have been showing signs of a shortage of cash foreign currency, which is caused by an increase in the population’s demand for cash foreign currency.
Some $8 billion of non-cash currency are now on correspondent accounts of banks, and customers can freely transfer their currency to their accounts opened with other banks and convert one non-cash currency to another, as reported by the National Bank of Ukraine.
“But due to the termination of air travel and the closure of borders, cash dollars and euros are being delivered to Ukraine with a delay. Given the quarantine measures introduced by the countries around the world, and Ukraine, the National Bank together with banks are addressing this problem,” the regulator said. (UNIAN/Business World Magazine)
